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227 Malcolm X BLVD, Brookly...

Mark Guindi Acquires Mixed-Use Building On Malcolm X Blvd For $2.1M
SOLDMixed-use

Mark Guindi Acquires Mixed-Use Building On Malcolm X Blvd For $2.1M

227 Malcolm X BLVD, Brooklyn, NY, 11...

$2,100,000

Building Size

Asset Type

Mixed-use

Closing

Feb 2, 2021

AI

The property involved in the transaction is located at 227 Malcolm X Boulevard in the Bedford-Stuyvesant section of Brooklyn, New York. It is a mixed-use building constructed in 1910, consisting of four three-bedroom apartments and a ground floor retail space. The three-story building spans approximately 4,983 square feet and was sold for $2,100,000.00.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,100,000.00
  • Address: 227 Malcolm X BLVD, Brooklyn, NY, 11...
  • Market: Brooklyn

Zachary Fuchs from GFI Realty Services represented the buyer, Mark Guindi, in the acquisition of the property. On the selling side, Mordy Getz was represented by Joseph Landau and Moshe Goldberger, who are also from GFI Realty Services. The transaction involving this mixed-use building underscores the active real estate market in Brooklyn.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker
Mark Guindi

Mark Guindi

GD Capital

Buyer

$39.9M

vol

14 deals

Buyer

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93